Civic Intelligence

Headwaters Land Conservancy

990 • Fiscal year 2023 • EIN 38-3183846

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 22, 2024

Organization ProfileWWW.HEADWATERSCONSERVANCY.ORG
110 S Elm AvenueGaylord, MI 49735

(989) 731-0573

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.12x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$89,872

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

6.6%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,956,056

Up $69,436 (+3.7%) from 2022

Net Assets

Up

$1,876,092

Up $5,473 (+0.3%) from 2022

Liabilities

Up

$79,964

Up $63,963 (+400%) from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin21st percentile

Revenue

Up

$694,478

Up $43,268 (+6.6%) from 2022

Expenses

Up

$782,010

Up $19,893 (+2.6%) from 2022

Net Income

Up

-$87,532

Up $23,375 (+21%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $317,733Liabilities 2010: $72,996Net Assets 2010: $244,7372010Assets 2011: $639,133Liabilities 2011: $11,609Net Assets 2011: $627,5242011Assets 2012: $617,112Liabilities 2012: $10,458Net Assets 2012: $606,6542012Assets 2013: $592,326Liabilities 2013: $7,607Net Assets 2013: $584,7192013Assets 2014: $494,855Liabilities 2014: $7,734Net Assets 2014: $487,1212014Assets 2015: $569,329Liabilities 2015: $7,387Net Assets 2015: $561,9422015Assets 2016: $500,517Liabilities 2016: $7,989Net Assets 2016: $492,5282016Assets 2017: $1,180,372Liabilities 2017: $9,155Net Assets 2017: $1,171,2172017Assets 2018: $1,295,282Liabilities 2018: $10,160Net Assets 2018: $1,285,1222018Assets 2019: $1,505,236Liabilities 2019: $10,956Net Assets 2019: $1,494,2802019Assets 2020: $1,753,327Liabilities 2020: $13,390Net Assets 2020: $1,739,9372020Assets 2021: $1,999,161Liabilities 2021: $17,635Net Assets 2021: $1,981,5262021Assets 2022: $1,886,620Liabilities 2022: $16,001Net Assets 2022: $1,870,6192022Assets 2023: $1,956,056Liabilities 2023: $79,964Net Assets 2023: $1,876,0922023Assets 2024: $2,022,158Liabilities 2024: $129,935Net Assets 2024: $1,892,2232024

Highlighted filing

2023

Assets$1,956,056
Liabilities$79,964
Net Assets$1,876,092
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $116,130Expenses 2010: $123,204Net Income 2010: -$7,0742010Expenses 2011: $126,1222011Revenue 2012: $189,594Expenses 2012: $210,464Net Income 2012: -$20,8702012Revenue 2013: $218,990Expenses 2013: $240,925Net Income 2013: -$21,9352013Revenue 2014: $114,588Expenses 2014: $212,186Net Income 2014: -$97,5982014Revenue 2015: $261,511Expenses 2015: $186,690Net Income 2015: $74,8212015Revenue 2016: $147,038Expenses 2016: $216,452Net Income 2016: -$69,4142016Revenue 2017: $933,744Expenses 2017: $255,055Net Income 2017: $678,6892017Revenue 2018: $363,922Expenses 2018: $250,017Net Income 2018: $113,9052018Revenue 2019: $461,622Expenses 2019: $252,464Net Income 2019: $209,1582019Revenue 2020: $497,361Expenses 2020: $251,704Net Income 2020: $245,6572020Revenue 2021: $514,913Expenses 2021: $273,324Net Income 2021: $241,5892021Revenue 2022: $651,210Expenses 2022: $762,117Net Income 2022: -$110,9072022Revenue 2023: $694,478Expenses 2023: $782,010Net Income 2023: -$87,5322023Revenue 2024: $257,417Expenses 2024: $320,112Net Income 2024: -$62,6952024

Highlighted filing

2023

Revenue$694,478
Expenses$782,010
Net Income-$87,532
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 22, 2024
Return Version
2023v5.0
Gross Receipts
$694,478
Mission and Program Overview

Mission

The purpose of headwaters land conservancy is to protect the natural diversity and beauty of northeast michigan by preserving significant lands, scenic areas and fostering appreciation and understanding of the environment. Headwaters land conservancy holds 82 conservation easements and 3 nature preserves within our 11 county service area, protecting 9,886 acres of land and 31 miles of waterfront, in perpetuity.

To protect the natural diversity and beauty of northeast michigan by preserving significant land and scenic areas and fostering appreciation and understanding of the environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$945,095$936,297▼ $8,798
Savings and Temporary Cash Investments$857,283$892,031▲ $34,748
Cash and Non-Interest-Bearing Accounts$80,855$106,499▲ $25,644
Pledges and Grants Receivable$180$17,692▲ $17,512
Investments Other Securities$3,207$3,537▲ $330
Total Assets$1,886,620$1,956,056▲ $69,436
Liabilities
Deferred Revenue-$63,726-
Accounts Payable and Accrued Expenses$16,001$16,238▲ $237
Total Liabilities$16,001$79,964▲ $63,963
Net Assets / Fund Balance
Net Assets With Donor Restrictions$902,769$977,890▲ $75,121
Net Assets Without Donor Restrictions$967,850$898,202▼ $69,648
Total Net Assets Fund Balance$1,870,619$1,876,092▲ $5,473
Total Liabilities and Net Assets / Fund Balance$1,886,620$1,956,056▲ $69,436

Asset Categories

AssetBook ValueDepreciationBasis
Land$856,772-$856,772
Buildings$59,188$51,466$110,654
Other Land Buildings$20,337$32,305$52,642
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Julie RubsamExecutive DirectorFT$89,872$89,872

Board Members and Trustees

NameTitle
Frank RuswickChairperson
Brittany VanderwallMember
David BowmanMember
Erik SnyderMember
James SupinaMember
Jeff TwymanMember
John DallasMember
Martha EberlyMember
Scot EglestonMember
Thomas SchupbachSecretary
Elaine GottschalkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$654,898
Program Service Revenue
$12,950
Investment Income
$26,630
Other Revenue
$0
All Other Contributions
$654,898
Change in Net Assets
$-87,532

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Qualified Contrib Other4$429,000Market Assessment
Total Noncash Contributions4$429,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,987
Salaries, Compensation, and Employee Benefits$240,436
Total Fundraising Expense$39,930
Professional Fundraising Fees$1,587
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,463--$127,463
Current Officers, Directors, Trustees, and Key Employees$23,244$40,205$26,423$89,872
Payroll Taxes$12,175$3,505$2,059$17,739
All Other Expenses$3,896$10,312$1,542$15,750
Fees for Services Other$14,058$870$15$14,943
Travel$5,329$858$2,940$9,127
Depreciation Depletion$6,159$880$1,759$8,798
Insurance-$7,170$331$7,501
Fees for Services Accounting-$7,250-$7,250
Other Employee Benefits$3,753$1,072$537$5,362
Occupancy-$4,892-$4,892
Other Expenses$4,378$61$264$4,703
Fees for Service Investment Mgmnt Fees-$4,647-$4,647
Office Expenses-$1,997-$1,997
Fees for Services Professional Fundraising--$1,587$1,587
Information Technology-$845-$845
Total Functional Expenses$653,398$88,682$39,930$782,010
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,587
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The board treasurer will review the 990, prior to presenting to the board.”

Form 990, Part VI, Section B, line 12C

“At a regularly scheduled board meeting on an annual basis, the policy is reviewed and modified if needed.”

Form 990, Part VI, Section C, line 19

“Upon request at monthly board meetings”

Filing and Contact Details

Filer

Filer Name
Headwaters Land Conservancy
EIN
38-3183846
Phone
9897310573
Address
110 S ELM AVENUE, GAYLORD, MI 49735

Signing Officer

Name
Frank Ruswick
Title
Chairperson
Phone
9897310573
Signed
2024-04-22

Organization Details

Principal Officer
Frank Ruswick
Formed
1993
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
160

Preparer

Firm
Dan Smith & Company Pc
Address
114 N COURT AVE, GAYLORD, MI 49735
Phone
9897321441
Supplemental Narrative

Financial Statement Notes

Part II, Line 9:

“A conservation easement is a legal agreement between a landowner and a qualified conservation organization (i.e.,Headwaters Land Conservancy) that permanently limits a property's use in order to protect its conservation values. Conservation easements, either purchased or donated, are initially valued at the appraised value. The difference between the purchase price and appraised value is reflected as "Conservation Easement Valuation" in the support and revenue section of the statement of activities. Once the development rights for a specific conservation easement are executed, generally immediately after acquisition, a valuation allowance is established to reduce the value of the conservation easement to less than $1. The value reflects the lack of marketability related to the easements. The reduction in value due to establishment of development rights is reflected as a program expense in the statement of activities and executed development value on conservation easements in the statement of functional expenses. For the year ended December 31, 2023, the total market value received was $429,000 with a matching valuation allowance of $429,000. Because the valuation allowance essentially eliminates the appraised value of the easement received, there is no stated value indicated on the statement of financial position.”

Raw XML AppendixShowing 400 of 462 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT.
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IRS990/Desc0HEADWATERS LAND CONSERVANCY MONITORED 94 CONSERVATION EASEMENTS AND 8 NATURE PRESERVES WE HOLD IN OUR 11 COUNTY SERVICE AREA OF NORTHEAST MICHIGAN. THESE PROPERTIES PROTECT OVER 12,500 ACRES OF LAND AND 37 MILES OF WATERFRONT. WE WORKED WITH THE LANDOWNERS IN OUR SERVICE AREA TO EDUCATE AND ENCOURAGE RESPONSIBLE STEWARDSHIP OF THEIR PROPERTIES. IN THE CURRENT YEAR, A DEVELPOMENT VALUE ON CONSERVATION EASEMENTS WAS RECORDED OF $429,000.
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF HEADWATERS LAND CONSERVANCY IS TO PROTECT THE NATURAL BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LANDS AND SCENIC AREAS, ADVANCING STEWARDSHIP OF LAND HELD AS PRESERVES AND IN CONSERVATION EASEMENTS, AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT. HEADWATERS LAND CONSERVANCY HOLDS 97 CONSERVATION EASEMENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01870619
IRS990/NetAssetsOrFundBalancesEOYAmt01876092
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt093005
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0967850
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0898202
IRS990/NoncashContributionsAmt0429000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04892
IRS990/OccupancyGrp/TotalAmt04892
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01997
IRS990/OfficeExpensesGrp/TotalAmt01997
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0537
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01072
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03753
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05362
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT VALUE ON CO
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PRINTING AND PUBLICATIO
IRS990/OtherExpensesGrp/FundraisingAmt01301
IRS990/OtherExpensesGrp/FundraisingAmt11172
IRS990/OtherExpensesGrp/FundraisingAmt2264
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt161
IRS990/OtherExpensesGrp/ProgramServicesAmt0429000
IRS990/OtherExpensesGrp/ProgramServicesAmt122724
IRS990/OtherExpensesGrp/ProgramServicesAmt21219
IRS990/OtherExpensesGrp/ProgramServicesAmt34378
IRS990/OtherExpensesGrp/TotalAmt0429000
IRS990/OtherExpensesGrp/TotalAmt124025
IRS990/OtherExpensesGrp/TotalAmt26509
IRS990/OtherExpensesGrp/TotalAmt34703
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0127463
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127463
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02059
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03505
IRS990/PayrollTaxesGrp/ProgramServicesAmt012175
IRS990/PayrollTaxesGrp/TotalAmt017739
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0180
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt017692
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANK RUSWICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0STEWARDSHIP AND OUTREA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012950
IRS990/ProgSrvcAccomActy2Grp/Desc0HEADWATERS FACILITATED A FOREST SCHOOL PROGRAM WHICH EDUCATED 60 CHILDREN AND 15 ADULTS IN OUR COMMUNITY ABOUT THE ENVIRONMENT AND THE IMPORTANCE OF PROTECTING NATURAL AREAS. WE FACILITATED ONGOING ADULT ENVIRONMENTAL EVENTS WHICH EDUCATED 85 INDIVIDUALS ABOUT ASPECTS OF CONSERVATION AND IMPLEMENTATION PRACTICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt049672
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0786462
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-135252
IRS990/PYOtherExpensesAmt0529878
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-110907
IRS990/PYSalariesCompEmpBnftPaidAmt0232239
IRS990/PYTotalExpensesAmt0762117
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0651210
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-87532
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0857283
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0892031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0238848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0346462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0424092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0413257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0384395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01807054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026630
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019693
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020749
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016277
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0106580
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94430
IRS990ScheduleA/PublicSupportPY170Pct00.95900
IRS990ScheduleA/PublicSupportTotal170Amt01807054
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0238848
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0346462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0424092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0413257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0384395
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01807054
IRS990ScheduleA/TotalSupportAmt01913634
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt059188
IRS990ScheduleD/BuildingsGrp/DepreciationAmt051466
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0110654
IRS990ScheduleD/ExpensesIncurredEnforcementAmt04000
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt00
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/LandGrp/BookValueAmt0856772
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0856772
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020337
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052642
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StaffHoursSpentEnforcementCnt0160.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A conservation easement is a legal agreement between a landowner and a qualified conservation organization (i.e.,Headwaters Land Conservancy) that permanently limits a property's use in order to protect its conservation values. Conservation easements, either purchased or donated, are initially valued at the appraised value. The difference between the purchase price and appraised value is reflected as "Conservation Easement Valuation" in the support and revenue section of the statement of activities. Once the development rights for a specific conservation easement are executed, generally immediately after acquisition, a valuation allowance is established to reduce the value of the conservation easement to less than $1. The value reflects the lack of marketability related to the easements. The reduction in value due to establishment of development rights is reflected as a program expense in the statement of activities and executed development value on conservation easements in the statement of functional expenses. For the year ended December 31, 2023, the total market value received was $429,000 with a matching valuation allowance of $429,000. Because the valuation allowance essentially eliminates the appraised value of the easement received, there is no stated value indicated on the statement of financial position.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 9:
IRS990ScheduleD/TotalAcreageCnt012554.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0936297
IRS990ScheduleD/TotalEasementsCnt097
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/QualifiedContribOtherGrp/ContributionCnt04
IRS990ScheduleM/QualifiedContribOtherGrp/MethodOfDeterminingRevenuesTxt0MARKET ASSESSMENT
IRS990ScheduleM/QualifiedContribOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/QualifiedContribOtherGrp/NoncashContributionsRptF990Amt0429000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD TREASURER WILL REVIEW THE 990, PRIOR TO PRESENTING TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT A REGULARLY SCHEDULED BOARD MEETING ON AN ANNUAL BASIS, THE POLICY IS REVIEWED AND MODIFIED IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST AT MONTHLY BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01886620
IRS990/TotalAssetsEOYAmt01956056
IRS990/TotalAssetsGrp/BOYAmt01886620
IRS990/TotalAssetsGrp/EOYAmt01956056
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0654898
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039930
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0653398
IRS990/TotalFunctionalExpensesGrp/TotalAmt0782010
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016001
IRS990/TotalLiabilitiesEOYAmt079964
IRS990/TotalLiabilitiesGrp/BOYAmt016001
IRS990/TotalLiabilitiesGrp/EOYAmt079964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01870619

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,956,056
Liabilities
$79,964
Net assets
$1,876,092
Revenue
$694,478
Expenses
$782,010
Net income
-$87,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.13$1.89$0.26$0.32$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.08$1.88$0.69$0.78$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.02$1.87$0.65$0.76$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.02$1.98$0.51$0.27$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.01$1.74$0.50$0.25$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.01$1.49$0.46$0.25$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.01$1.29$0.36$0.25$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.01$1.17$0.93$0.26$0.68
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.01$0.49$0.15$0.22$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.01$0.56$0.26$0.19$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.49$0.11$0.21$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$0.22$0.24$0.02
2012Summary only. Only limited summary data is available for this year.$0.62$0.01$0.61$0.19$0.21$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.01$0.63$0.13
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.07$0.24$0.12$0.12$0.01